Real Estate Investing in Turtle Lake, North Dakota (58575)
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Should you buy in 58575 (Turtle Lake, ND)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 34.7% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Turtle Lake, ND (58575)?
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Market Analysis: 58575 Turtle Lake
ZIP 58575 in Turtle Lake, ND carries a durable set of headwinds. Home values near $141K and rents of $792/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 58575 can be a a strong candidate for hunting ground — but the discount at $141K reflects genuine risk that outside investors often underestimate.
Regionally, 58575 sits on the difficult end of the ND spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 58575 includes headwinds that any investor should price in. Income distribution skews lower than Turtle Lake averages, and tenant stability requires active management.
Distressed ZIPs reward experience. notable returns are possible in 58575, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Turtle Lake:
Market Trends
Home Value History (with trend line)
📊 How Does 58575 Compare?
| Metric | 58575 | Turtle Lake | North Dakota |
|---|---|---|---|
| Home Value | $141,053 | $141,053 | $278,677 |
| 5-Year CAGR | N/A | N/A | 3.7% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58575 (Turtle Lake, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $141,053 |
| Monthly Rent | $792 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +10.8% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 58575
Population: 904
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 58575
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What strategy should investors use in Turtle Lake, ND?
A careful cash-flow rentals with hands-on management strategy Turtle Lake, ND best. The market produces even-keeled results for that approach at the $141K price point.
What is the renter demographic in Turtle Lake, ND?
Turtle Lake, ND offers a stable renter base at the $792/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does a duplex house hack pencil in Turtle Lake, ND?
For house hackers, Turtle Lake, ND is a challenging. The $792/mo rent on a unit helps defray the mortgage on a $141K property.
What is the investability score for Turtle Lake, ND?
Yes - Turtle Lake, ND a 2.0/5 investability score. With $141K home prices against $792/mo monthly rent, the market delivers a reasonable entry point for new investors.
How landlord-friendly is Turtle Lake, ND?
Landlord-friendliness in Turtle Lake, ND is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 58575 now. You don’t know where it ranks.
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